Bitcoin Miners Pomp Push Back on The Infrastructure Bills Poison Pill Amendment

On July 22, Fidelity Investments Inc. purchased a 7.4% stake worth approximately $20 million in Marathon Digital Holdings, one of the largest bitcoin mining operations in North America, across four broad index-based funds, Fidelity Extended Market Index Fund (FSMAX), Fidelity Nasdaq Composite Index Fund (FNCFX), Fidelity Total Market Index Fund (FSKAX) and Fidelity Series Total Market Index Fund (FCFMX). Combined they have a market capitalization of $170 billion. Though the percentage in each devoted to Marathon is tiny, many of these index funds are popular in retirement accounts.

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